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Operating Segments (Tables)
12 Months Ended
Mar. 31, 2024
Disclosure of operating segments [abstract]  
Summary of Reportable Segments

Information about reportable segments:

 

 

 

For the year ended March 31

 

 

 

Reportable segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Air ticketing

 

 

Hotels and packages

 

 

Bus ticketing

 

 

All other segments

 

 

Total

 

Particulars

 

2022

 

 

2023

 

 

2024

 

 

2022

 

 

2023

 

 

2024

 

 

2022

 

 

2023

 

 

2024

 

 

2022

 

 

2023

 

 

2024

 

 

2022

 

 

2023

 

 

2024

 

Consolidated revenue

 

 

88,712

 

 

 

147,793

 

 

 

201,246

 

 

 

157,267

 

 

 

337,686

 

 

 

435,542

 

 

 

39,896

 

 

 

74,873

 

 

 

92,693

 

 

 

18,047

 

 

 

32,684

 

 

 

53,043

 

 

 

303,922

 

 

 

593,036

 

 

 

782,524

 

Add: Customer inducement costs
 recorded as a reduction of revenue*

 

 

67,090

 

 

 

135,338

 

 

 

116,423

 

 

 

41,545

 

 

 

90,487

 

 

 

123,695

 

 

 

1,814

 

 

 

8,025

 

 

 

9,432

 

 

 

798

 

 

 

1,902

 

 

 

440

 

 

 

111,247

 

 

 

235,752

 

 

 

249,990

 

Less: Service cost

 

 

311

 

 

 

3,078

 

 

 

 

 

 

54,760

 

 

 

168,387

 

 

 

210,357

 

 

 

3,397

 

 

 

5,596

 

 

 

 

 

 

282

 

 

 

506

 

 

 

4,732

 

 

 

58,750

 

 

 

177,567

 

 

 

215,089

 

Adjusted Margin

 

 

155,491

 

 

 

280,053

 

 

 

317,669

 

 

 

144,052

 

 

 

259,786

 

 

 

348,880

 

 

 

38,313

 

 

 

77,302

 

 

 

102,125

 

 

 

18,563

 

 

 

34,080

 

 

 

48,751

 

 

 

356,419

 

 

 

651,221

 

 

 

817,425

 

Other income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,490

 

 

 

2,798

 

 

 

770

 

Personnel expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(116,924

)

 

 

(131,968

)

 

 

(147,587

)

Marketing and sales promotion expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(51,033

)

 

 

(101,601

)

 

 

(123,304

)

Customer inducement costs
 recorded as a reduction of revenue*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(111,247

)

 

 

(235,752

)

 

 

(249,990

)

Other operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(81,575

)

 

 

(133,698

)

 

 

(204,833

)

Depreciation, amortization and impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(29,496

)

 

 

(27,396

)

 

 

(27,267

)

Finance income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9,984

 

 

 

10,974

 

 

 

24,365

 

Finance costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(26,326

)

 

 

(46,732

)

 

 

3,307

 

Share of profit of equity-accounted investees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

34

 

 

 

10

 

 

 

52

 

Profit (loss) before tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(46,674

)

 

 

(12,144

)

 

 

92,938

 

 

 

* For purposes of reporting to the CODM, the segment profitability measure i.e. Adjusted Margin is arrived at by adding back certain customer inducement costs including customers incentives, customer acquisition cost and loyalty programs costs, which are recorded as a reduction of revenue and reducing service cost.

Summary of Geographical Segments

In presenting the geographical information, revenue is based on the geographical location of customers and assets are based on the geographical location of the assets.

 

 

 

Revenue

 

 

Non-Current Assets*

 

 

 

For the year ended March 31

 

 

As at March 31

 

Particulars

 

2022

 

 

2023

 

 

2024

 

 

2023

 

 

2024

 

India

 

 

298,245

 

 

 

564,284

 

 

 

739,652

 

 

 

663,857

 

 

 

656,154

 

United States

 

 

69

 

 

 

195

 

 

 

324

 

 

 

299

 

 

 

221

 

South East Asia

 

 

2,221

 

 

 

11,201

 

 

 

14,210

 

 

 

4,503

 

 

 

4,325

 

Europe

 

 

18

 

 

 

1,337

 

 

 

3,374

 

 

 

 

 

 

 

Others

 

 

3,369

 

 

 

16,019

 

 

 

24,964

 

 

 

4,121

 

 

 

737

 

Total

 

 

303,922

 

 

 

593,036

 

 

 

782,524

 

 

 

672,780

 

 

 

661,437

 

 

* Non-current assets presented above represent property, plant and equipment, intangible assets and goodwill, non-current tax assets and other non-current assets (excluding financial assets).